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Companies Benefiting From Global Trend Towards Government Insolvency


Companies Benefiting From Global Trend Towards Government Insolvency
This story features MOELIS AUSTRALIA LIMITED, and other companies. For more info SHARE ANALYSIS: MOE
In search of a solution to ever-expanding debt-to-GDP ratios, Dr Roy van Keulen offers some food for thought, alongside a few ideas of companies likely to benefit
-How will governments improve their debt-to-GDP?
-Taxing lower and middle incomes seems politically impossible for quite some time to come
-Most solutions might simply be to tax the wealthy, reduce spending on healthcare and sell off public assets like roads
By Dr Roy van Keulen
As the US looks close to surpassing an unprecedented debt-to-GDP ratio of 150% (or US$225,000 per US taxpayer), I wanted to explore what happens when governments reach the end of their credit line and are forced to start deleveraging. ....

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Turns out Americans actually like competent government


 
President Joe Biden is riding high on a public job approval rating his predecessor could only dream of as Americans are giving the 46
th Commander-in-Chief high marks based clearly on his handling of the COVID-19 crisis. In new polling from Ipsos, Biden enjoys a 58 percent approval rating among registered voters, including 56 percent of independents a critical voting bloc that helped deliver him the presidency. At the highest point in his tenure, former President Donald Trump
Last month, Trump’s former chief pollster Tony Fabrizio released a 27-page, post-mortem campaign report that laid most of the blame for the incumbent president’s loss on his handling of the COVID-19 pandemic. From Politico’s coverage of the report, “The autopsy says that coronavirus registered as the top issue among voters, and that Biden won those voters by a nearly 3-to-1 margin. A majority registered disapproval of Trump’s handling of the virus.” ....

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Americans have decided to give professionals a chance


Donald Trump didn t even try to bring the country together: He thrived on division and made it worse.
Joe Biden has pledged to restore “the most elusive of things in a democracy – unity.” He warned in his inaugural address: “Without unity, there is no peace, only bitterness and fury.” Precisely what we saw on Jan. 6 when Trump supporters attempted a coup d’etat. 
Congressional Republicans are not impressed by Biden’s call for unity.
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Conservative commentator Ben Shapiro Tweeted sarcastically, “I’m sure that Democrats are looking forward to healing and reconciliation with the millions of Americans they think are racist, sexist, homophobic bigots. Or alternatively, they’re lying and using ‘unity’ to mean ‘shut the hell up.’” ....

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